McKinley Carter Wealth Services Inc. Sells 20 Shares of W.W. Grainger, Inc. (NYSE:GWW)

McKinley Carter Wealth Services Inc. trimmed its stake in W.W. Grainger, Inc. (NYSE:GWW) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,314 shares of the industrial products company’s stock after selling 20 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in W.W. Grainger were worth $10,871,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its stake in W.W. Grainger by 36.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,303 shares of the industrial products company’s stock worth $1,176,000 after buying an additional 348 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in W.W. Grainger by 14.4% in the second quarter. EP Wealth Advisors LLC now owns 8,041 shares of the industrial products company’s stock worth $7,255,000 after acquiring an additional 1,010 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of W.W. Grainger by 7.3% during the second quarter. Cetera Investment Advisers now owns 14,801 shares of the industrial products company’s stock worth $13,354,000 after acquiring an additional 1,006 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new position in shares of W.W. Grainger during the second quarter valued at about $601,000. Finally, SRN Advisors LLC raised its position in shares of W.W. Grainger by 8.5% in the 2nd quarter. SRN Advisors LLC now owns 1,847 shares of the industrial products company’s stock valued at $1,666,000 after purchasing an additional 144 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the transaction, the vice president now directly owns 4,379 shares of the company’s stock, valued at $4,895,021.36. This trade represents a 68.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now directly owns 675 shares of the company’s stock, valued at $814,070.25. This represents a 15.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,406 shares of company stock worth $11,634,643 in the last ninety days. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Trading Down 0.1 %

W.W. Grainger stock opened at $1,131.17 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The firm has a market cap of $55.09 billion, a PE ratio of 30.66, a P/E/G ratio of 2.88 and a beta of 1.18. The stock’s 50 day simple moving average is $1,124.04 and its two-hundred day simple moving average is $1,063.09. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the business posted $9.43 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that W.W. Grainger, Inc. will post 38.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GWW shares. Oppenheimer lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and upped their target price for the company from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Loop Capital lifted their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,140.56.

About W.W. Grainger

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.